/KASE, April 25, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker
– BRKZ) reported the following:
quote
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES FINAL
RESULTS OF ITS TENDER OFFER TO PURCHASE ALL OF ITS
OUTSTANDING BONDS, AT 5.75 % APR AND DUE IN 2025, WITH
CONSIDERATION FOR THE BONDS TO BE PAYABLE IN US DOLLARS
April 24, 2025 –Development Bank of Kazakhstan JSC (the "Offeror"), a joint
stock company incorporated in the Republic of Kazakhstan, announced on March
25, 2025 that it has commenced a tender offer for 5.75 % Bonds due 2025 (the
"Bonds") issued by the Offeror (the "Tender Offer"), payable in U.S. Dollars,
from each Holder (as defined in the Offer to Purchase), on the terms and
conditions set forth in the offer to purchase dated March 25, 2025 (the "Offer
to Purchase"). Capitalized terms used but not defined herein have the meanings
set forth in the Offer to Purchase.
...
Early Participation Results
As of 5:00 p.m. New York City time on April 7, 2025 (the "Early Tender Period"),
U.S. Dollar-denominated Notes in an aggregate principal amount of $14,400,000
have been tendered and not withdrawn.
On April 9, 2025 (the "Early Settlement Date"), the Offeror accepted for
purchase all Bonds that had been duly tendered and not withdrawn by the end of
the Early Settlement Period.
Final results
The Tender Offer expired at 5:00 p.m. New York City time on April 22, 2025 (the
"Offer Period"). As of the close of the Offer Period, no additional Bonds had
been tendered for purchase following the Early Bird Period and the Offeror had
not accepted any additional Bonds for purchase. Accordingly, as of the close of
the Offer Period, there remained outstanding Notes in an aggregate principal
amount of $310,746,000.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_240425_kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_240425_1.pdf
[2025-04-25]